Margaret Lake Diamonds announces Arctic Stare completes a successful spring exploration program. Five kimberlites, Diagras, Lac De Gras, NWT.
Margaret Lake Diamonds announces Arctic Stare completes a successful spring exploration program.
Five kimberlites, Diagras, Lac De Gras, NWT.
VANCOUVER, BC / May 21, 2021 / Margaret Lake Diamonds Inc. ("MLD" or the "Company") (TSXV:DIA )
(FKT:M85) (OTC PINK:DDIAF) is pleased to announce Arctic Star Exploration Corp. (“Arctic Star” or the “Company”)
that drill hole DG2021 -08 completed at 145m, intersecting kimberlite from 31.0m to 113.6m in the Cedar kimberlite
discovery.
This completes the companies successful spring program discovering 5 kimberlites named Birch, Sequoia, Alder, and
Cedar. A 0.5m kimberlite dyke has been confirmed by detailed logging DG2021-03 a hole drilled 125m east of the Birch
kimberlite.
The core from each kimberlite has been sent to Yellowknife for detailed geological logging. Dan Gainer, P. Geol a
geologist with kimberlite experience, is logging the core. Once the logging is finished the core is split in half by
mechanical means and half of the core is sent to the laboratory. Kimberlite from Birch has been sent to CFM laboratories
in Kelowna and kimberlite from Sequoia to SRC laboratories in Saskatoon.
A primary review of the kimberlites discovered shows them to be volcanoclastic kimberlites with varying degrees of
country rock and kimberlite clasts. Coarse-grained olivine and abundant mantle derived indicator minerals.
Summer exploration plans will focus on and around the kimberlites that return interesting diamond results.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist that is employed by and works for
Arctic Star with over 35 years’ experience in diamond exploration, discovery, and evaluation. A Qualified Person under
the provisions of National Instrument 43-101.
Contact Information
Neil Foran
Chief Executive Officer
(604) 681-7735
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responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward -looking information or forward -looking statements (collectively "forward -looking information") within
the meaning of applicable securities laws. Forward -looking information is typically identified by words such as: "believe", "expect",
"anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The
Company cautions investors that any forward -looking information provided by the Company is not a guarantee of future results or performance,
and that actual results may differ materially from those in forward -looking information as a result of various factors. The reader is referred to
the Company's public filings for a more complete discussion of such risk factors and their potential effects, which may be ac cessed th rough
the Company's profile on SEDAR at www.sedar.com .